Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[petegz28]

Going out on a limb a bit here but I think we have put in a short term bottom. Could very well be a bear market bounce. Resistance on the SPY is around $450ish.

Downtrend is fully intact mind you.

[Hammock Parties]

WHEN IT'S GRIM, BUY AMC

[lewdog]

Originally Posted by petegz28

Going out on a limb a bit here but I think we have put in a short term bottom. Could very well be a bear market bounce. Resistance on the SPY is around $450ish.

Downtrend is fully intact mind you.

I think we’re pretty close too, within 5% of a bottom.

The bounce we get might only be short term and no where near getting back to all time highs. NASDAQ would need to gain 21% for that.

[lewdog]

Originally Posted by Hammock Parties

WHEN IT'S GRIM, BUY AMC

Yikes.

[scho63]

BB looks like it's smoking crack.

$7.40 and another great Pump and Dump from MTG (MoneyToGarbage)

[scho63]

Disney and Tilray fighting to get back to respectable levels.

[ReynardMuldrake]

GOOGL with the 20:1 split. I'm really glad I didn't include it with my other stop losses a couple weeks ago.

[philfree]

I'm under water on five trades I made selling puts. I ended up buying the stock on all five trades. Put out some call options on two of them today and I have another call that expires this month, and I don't see it getting to the strike price. My Nasdaq stocks have taken a hit as well as one would figure. The biggest part of my investments which are dividend generators are hanging in there but then my 401K has taken a pretty good hit as well. Oh the pain!

[lewdog]

Earnings season is taking a beating.

PYPL, FB and maybe AMZN tomorrow!

[petegz28]

Facebook taking the market down hard this morning

[-King-]

What do you guys think of ABNB?

[ReynardMuldrake]

Originally Posted by -King-

What do you guys think of ABNB?

I bought some last year. It's up a little. It's a medium risk/reward play. I'll probably sell it during the summer vacation season.

[myselff77]

Originally Posted by Hog's Gone Fishin

Question: How long would it take to make 201 trades that avg a 3.5% return ?

There's tons of stocks that are volatile enough for a 3.5% return during the coarse of a week if not a day.

For example TSLA just today opened at $897 .If you set a buy order at a 1% discount you could have picked it up at $888 and then set yourself up a standing sell order with a 3.5% swing at $919 and accomplished your goal.

As of right now the TSLA high /Low today is $881-$932 Thats actually a 5.7% swing today.

So my thinking is if you can make 201 trades and AVERAGE 3.5% assuming some will be less and some will be more , it will turn $1000 in to $1,000,000.

This sounds too easy. What am I missing other than stocks don't always go up. LOL

Could this be done in 3 years ?

Interested to hear what others say on this. The one major flaw I see is the short term capital gains tax really hits into your earnings unless you are doing this from a Roth or other tax advantaged account.

[eDave]

Originally Posted by -King-

What do you guys think of ABNB?

Too many negatives now. Hard to find a home in a community that allows it anymore. That it is doing well right now is baffling.

[DaFace]

Originally Posted by Hog's Gone Fishin

Question: How long would it take to make 201 trades that avg a 3.5% return ?

There's tons of stocks that are volatile enough for a 3.5% return during the coarse of a week if not a day.

For example TSLA just today opened at $897 .If you set a buy order at a 1% discount you could have picked it up at $888 and then set yourself up a standing sell order with a 3.5% swing at $919 and accomplished your goal.

As of right now the TSLA high /Low today is $881-$932 Thats actually a 5.7% swing today.

So my thinking is if you can make 201 trades and AVERAGE 3.5% assuming some will be less and some will be more , it will turn $1000 in to $1,000,000.

This sounds too easy. What am I missing other than stocks don't always go up. LOL

Could this be done in 3 years ?

That sounds kinda sorta like something Rain Man was doing for a while. I think it worked until it didn't. The whole "stocks don't always go up" thing is more than a minor issue, especially if you're focused on volatile stocks that have the potential to tank.